Bernanke Fights Back Against Fed Audit

[Gravik]

http://money.cnn.com/2012/07/18/news/economy/fed-bernanke-ron-paul/index.htm

 

[sailingaway]

how surprising that he doesn't want anyone seeing what he does and maybe moving to stop it.... not.

 

[musicmax]

http://money.cnn.com/2012/07/18/news/economy/fed-bernanke-ron-paul/index.htm

Tough to fight a $15 trillion PAC.

 

[paulbot24]

Nice to read about the explanation of the bill for the average Joe voter. One of my Senators tried to use the "they already get audited every year" excuse on me and I'm sure it is the standard one many use when voters question their congressional lack of support for this kind of fiscal transparency. My response (while reading his letter) was "Really? Wow! Then somebody should really tell Dr. Paul that since he's wasting so much time on this and he really has no idea!" lulz

 

[Monotaur]

This paragraph caught my eye:

Current law also protects the Federal Reserve from audits that reveal transactions with foreign central banks and governments, the reserves of its member banks and discussions among its employees about these issues.

I also remember reading the full list of restrictions on a Fed audit, and it included very vague things that basically meant any auditing action was meaningless (more so than the highlighted section above, which could basically mean anything).

I think if the Audit bill passes, and we do actually see a full audit, people (who are paying attention anyway...) will be so pissed off that something will happen. It has to.

 

[Matt Collins]

Let's use government logic on the government:

"If he's got nothing to hide, then why wouldn't he mind an audit"?

 

[pacu44]

Let's use government logic on the government:

"If he's got nothing to hide, then why wouldn't he mind an audit"?

Ding Ding....